A recent episode of BBC Panorama has reignited debate around certain practices within the UK property sector—particularly conditional selling, where buyers are pressured into using estate agents’ in-house services. While this does not reflect the behaviour of all estate agents, the programme highlighted concerning real-world examples. At Cherry Street Finance, we’ve seen similar issues raised […]
24
Jun
Jun
Here at Cherry Street Finance, we know that news from the Bank of England is always top of mind for homeowners and prospective buyers. Last week, June 19th, the Monetary Policy Committee (MPC) announced their latest decision: the Bank Rate will remain at 4.25%. While some might have hoped for a cut, this hold comes […]
18
Sep
Sep
Interest-only mortgages have been a topic of discussion in the UK mortgage market for many years. They offer a unique approach to home financing that can be beneficial in certain circumstances, but they also come with risks that borrowers must fully understand. In this post, we’ll explore what interest-only mortgages are, their pros and cons, […]
02
Sep
Sep
If you’re a homeowner in the UK with a mortgage, you’ve probably heard about the concept of making overpayments. But what exactly does that mean, and why might it be a good idea? Let’s break it down in simple terms. What Are Mortgage Overpayments? When you take out a mortgage, you agree to pay back […]